Mercell, an Oslo, Norway-based e-tendering platform provider, received an investment of undisclosed amount from Viking Venture.
Viking Venture now holds approximately 30% of the company.
Established in 1999 and led by Terje Wibe, CEO, Mercell provides SaaS software for electronic submission of public tenders as well as tender alerts to suppliers. The company offers suppliers in all industries a tender system to find tender information from public sector, and buyers the tools to conduct effective procurements in accordance with EU regulations.
About 20.000 suppliers and buyers across Northern Europe use the system on a daily basis.
Mercell will use the proceeds from the investment to consolidate its leading position in the Nordic market while expanding to other parts of Europe.
With northern Europe as primary market, the company is now represented in 7 countries.